Trace Finance announced a $32 million Series A led by CoinFund, positioning the raise around regulated banking and stablecoin settlement infrastructure across Brazil, the US and emerging markets.
TL;DR
- Trace Finance raised $32 million in a Series A led by CoinFund.
- The company is building regulated infrastructure that connects local bank rails with stablecoin settlement.
- Investors include Coinbase Ventures, Haun Ventures, Jump Crypto, Paxos and others.
- The company’s $10 billion processed-volume figure is self-reported and should be treated carefully.
Stablecoin Infrastructure Gets Fresh Institutional Capital
Trace Finance has raised $32 million in a Series A round led by CoinFund, giving the cross-border payments firm new capital to expand regulated stablecoin settlement infrastructure across Brazil, the United States, APAC, and other emerging markets. The round also included Coinbase Ventures, Haun Ventures, Jump Crypto, Valor Capital, Paxos, HOF Capital, Chainlink Labs, SNZ Capital, and strategic angel investors.
The raise lands at a time when stablecoins are moving from crypto-native trading rails into payment, treasury, and settlement use cases. For businesses operating across markets like Brazil and the US, the appeal is simple: stablecoins can move value quickly, but enterprises still need local bank connectivity, compliance workflows, FX handling, and trusted fiat endpoints.
Why Trace Is Framing It As Banking Infrastructure
Trace is not pitching stablecoins as a standalone solution. The company’s message is that stablecoins need regulated local banking infrastructure around them to become useful for enterprises. That includes Pix connectivity in Brazil, local compliance operations, bank-grade controls, and settlement rails that can bridge fiat and digital dollars.
According to the company, its infrastructure has processed more than $10 billion in cross-border volume. That figure is self-reported, so it should be treated as a company metric rather than independently audited market data. Even so, the investor list suggests that major crypto and fintech backers see regulated stablecoin settlement as a category worth funding.
LatAm Remains A Key Stablecoin Market
Latin America has become one of the clearest real-world testing grounds for stablecoins. In markets with currency volatility, expensive cross-border transfers, and complicated banking rails, dollar-linked tokens can offer a faster settlement layer. Brazil is especially important because it combines large payment volume, Pix adoption, strict FX rules, and a growing fintech ecosystem.
Trace says the US-to-Brazil corridor was its proving ground and that it now plans to expand the model internationally. That expansion matters because stablecoin payment infrastructure is becoming more competitive. Exchanges, payment processors, banks, and fintech firms are all trying to decide who controls the bridge between onchain liquidity and local accounts.
The Bigger Stablecoin Picture
The $32 million round is another sign that the stablecoin sector is maturing beyond simple issuance. The next layer is distribution and utility: who can connect tokens to payroll, vendor payments, treasury management, card networks, local banking systems, and regulated FX operations?
That is where companies like Trace are trying to position themselves. The opportunity is large, but the hard part is operational. Stablecoin settlement only works for enterprises if compliance, local licensing, counterparty controls, and banking relationships are strong enough to survive real-world use. This round gives Trace more room to build that bridge.
This article was written by the News Desk and edited by Samuel Rae.